Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm has launched a new Centre of Excellence (CoE) for Internet of Things (IoT) solutions in collaboration with Intel at the TCS Hyderabad campus.

The centre will focus on developing new use cases for various industries and create solution accelerators around Intel technologies for global customers in manufacturing, retail, hi-tech, semiconductors, healthcare and telecom industries, the company said.

The primary focus of the centre is to integrate IoT solutions developed by TCS on Intel IoT platforms and to fast-track creation of end-to-end solutions.

This collaboration will enable the creation of indigenous and innovative solutions, establish a strong ecosystem of IoT, cloud computing, and a software-defined network. Besides, this will also help in creating new business opportunities, simplify product development, and help customers deal with rapid changes in technology.

Intel will provide the new Intel IoT platform reference architecture for smart and connected things to enable the development of secure and integrated smart solutions.

Speaking about the importance of the IoT CoE, V Rajanna, VP and Global Head, Technology Business Unit at TCS, said, ''IoT Solutions will play an integral role in our constantly connected world.''

Commenting on the launch of the CoE, Gregory R Pearson, senior vice-president, general manager, sales and marketing group, Intel Corporation said, ''This announcement will further boost a thriving ecosystem and show what is possible with pilots and use cases that demonstrate the potential of IoT.''

Shares of the company declined Rs 38.6, or 1.61%, to settle at Rs 2,351.90. The total volume of shares traded was 96,538 at the BSE (Wednesday).